Decent work refers to work that respects fundamental human rights and worker rights through fair pay, secure employment, and safe working conditions. Economic growth is defined as the increase in the inflation-adjusted market value of goods and services produced over time, conventionally measured as the percent increase in real GDP. There are two main sources of economic growth: growth in workforce size and growth in workforce productivity. Three factors can create economic growth: more capital, more labor, and better use of existing capital or labor. Availability of decent work has increased 10-fold between 2000-2019 but decreased in 2020-2021 due to the pandemic.

1. Decent work and
Economic Growth

2. Decent Work
• The work that respects the fundamental rights of the human person as well
as the rights of workers in terms of conditions of work safety . In general,
work is considered as decent when: it pays a fair income. it guarantees a
secure form of employment and safe working conditions.

3. economic growth and what
does it refers to
• Economic growth can be defined as the increase or improvement in the
inflation-adjusted market value of the goods and services produced by an
economy over time. Statisticians conventionally measure such growth as the
percent rate of increase in the real gross domestic product, or real GDP.

4. • Importance
Economic growth increases state capacity and the supply of public goods. When economies grow, states can tax that revenue
and gain the capacity and resources needed to provide the public goods and services that their citizens need, like healthcare,
education, social protection and basic public services.
• Source
Broadly speaking, there are two main sources of economic growth: growth in the size of the workforce and growth in the
productivity (output per hour worked) of that workforce. Either can increase the overall size of the economy but only strong
productivity growth can increase per capita GDP and income.

5. • Components
Economic growth, as measured by GDP, is driven by two components: population growth and labor productivity. Labor
productivity reflects the capacity for increased output from the existing quantity of labor in the economy. Various
government agencies and independent analysts produce measures of labor productivity.
• Requirements
Three factors can create economic growth: more capital, more labor, and better use of existing capital or labor. The growth
that results from increases in capital and labor represents growth due to increases in inputs.

6. things economic growth is
related to
• Economic growth is an increase inthe productionof
goods and services in aneconomy.
• Increases incapital goods, labor force, technology, and
human capitalcan all contribute to economic growth.
• Economic growth is commonly measured in terms of the
increase inaggregated market value of additional goods
and servicesproduced, using estimatessuch as GDP.

7. availability of
decent work
• Availability of decent work has increased by 10 folds in the year
2000- 2019and significantly decreased in year 2020-2021 .
• To increase the rates even more un has launched may special
schemes such as.
• Employment intensive investment ,child labor protection, social
protection and many more.

8. Bibliography • https://www.ilo.org/global/lang--en/index.htm
• https://www.investopedia.com/
• https://www.wikipedia.org/
• https://www.soas.ac.uk/cedep-
demos/000_P516_EID_K3736-Demo/unit1/page_10.htm

9. Thank You
PPT BY: Maananya Pandey -22, Parth Negi –26, Rakshit –28 & Linsha Rehani-21.